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Why Babies Never Go Into Debt

May 21, 2007

When a baby is hungry, tired, or angry they cry. As we get older we become socialized and learn to hold back these crying fits to integrate into society. In some cases this habit of suppressing our emotions can be dangerous to our pocketbook.
No Money = No Stuff
When kids want something they don’t have the [...]

Would You Settle for 500K or Go for a Million Dollars?

April 10, 2007

Deal, or No Deal! That’s the million dollar question that contestants must answer on the TV game show hosted by Howie Mandel. How you play along with this game might be a good indication of how you view the risks and rewards of investing.
Financial Risk Tolerance
If you’ve ever done any type of financial planning [...]

Which Motivates You? Financial Incentives or Financial Penalties?

February 16, 2007

Thanks goodness for late fees! No, I don’t really feel this way but Golbguru has an interesting article arguing that late fees are necessary to keep us “inherently lazy” people on track systems moving efficiently.
Responsibility
He makes a good point. I hate having to pay out extra money in late fees. I’ll even [...]

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